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EQUITY BULLETIN FOR 05 APRIL 2022

Nifty Futures

Nifty has resistance around 18200 if it breaks and sustains above 18200 will see an upside rally till 18300 — 18450 levels in an intraday session.

Else Nifty has support around 17900, break below 17900 will see intraday downside fall till 17900 — 17750 levels in an intraday session.

Trading strategy

Traders can buy Nifty Future on dips around 18000 with a stop loss below 17900 levels for an upside movement till 17150 — 17200 levels in an intraday session.

Bank Nifty Futures

Bank Nifty has resistance around 38800, breaks and sustains above 38800 will see an upside movement till 39050–39200 levels in an intraday session.

Otherwise, Support around 38000, breaks below 38000 will see an intraday downside fall till 37800—37600 levels in an intraday session.

Trading Strategy

Traders can buy Banknifty Future on dips around 38300 with a stop loss below 38000 for an upside movement till 38800—39000 levels in an intraday trading session.

Stock Pick of the day

Nam-India

Buy Nam-India above 353 levels, for an upside movement till 360-366 levels in the coming days. Stop loss below 344.

*T&C Apply…